Taxation

The General Department of Taxation (GDT) announced it aims to collect a total of $2,886 million in tax revenue this year. In January, it had already collected about $239 million, accounting for 8.3 per cent of the annual target and an increase of 14.75 per ...

The government will spend some $50 million in subsidies to reduce electricity tariffs by $0.01 per kilowatt-hour for the industrial and agricultural sectors from this month, Ministry of Mines and Energy senior official Victor Jona said on Sunday. ...

Sound macro-economic performance coupled with political stability resulted in the Kingdom collecting some $6 billion in tax last year, up more than $1.485 billion on the government’s target of $4.56 billion for the period. Of the figure, $2.26 billion was collected by the General Department ...

The General Department of Taxation (GDT) released a statement on Wednesday aiming to quash fears that the Kingdom’s tax reforms would adversely affect corporate taxpayers, saying the moves are meant to “strengthen tax collection transparently and equitably”. ...

The General Department of Customs and Excise at the Ministry of Economy and Finance vowed to take legal action against those using vehicles with unpaid tax and unapproved modifications after relevant authorities had advised them through educational announcements. General Department of Customs and Excise director-general ...

The General Department of Taxation (GDT) is sourcing for an advanced IT system in Singapore to modernise the Kingdom’s tax system and improve its collection process and efficiency. ...

As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...

Modernizing the tax system through automation has helped increase revenue and transparency in the Kingdom’s tax sector. The General Department of Taxation (GDT) said tax collection had increased by more than 28 per cent in the first 10 months of the year. ...

The government collected $2.40 billion in revenue from taxation during the first 10 months of this year – up 28.31 per cent year-on-year from $1.873 billion – a report from the General Department of Taxation (GDT) said on Monday. ...

The prime minister, speaking at a graduation ceremony at the National Institute of Education, said income from customs and excise will surpass the target set for 2019 by $700 to $800 million.​ ...

As the government reviews a European Commission preliminary report on whether Cambodia should retain its Everything-but-Arms preferential trade status, Prime Minister Hun Sen has said that the Kingdom has strong financial foundations to sustain itself with or without the EBA. “Someone said we will suffer ...

Transparency International Cambodia (TI Cambodia) organised a debate on the national budget income on Friday to raise awareness on the matter. The NGO urged the public to know more about the issue to increase the level of transparency in the national budget’s income and expenditure. ...

Revenue at the General Department of Customs and Excise (GDCE) saw a significant increase during the first nine months of the year, growing by 35 percent over the corresponding period last year, GDCE’s director said last week. From January to September, the department collected almost $2.4 ...

A report from the General Department of Taxation (GDT) released on Wednesday showed that the department collected $2.183 billion in taxes, while Prime Minister Hun Sen on the same day announced that $2.384 billion in customs and excise duties was collected during the period. GDT ...

The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...

The General Department of Taxation (GDT) collected more than $1.5 billion in tax revenue in the first six months of this year, up 66 per cent from the same period last year, according to a report released by the department on Wednesday. ...

The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...

Cambodia Startup Advisers (CSA) is set to launch its Cambodia Startup Handbook as a tool for the Kingdom’s entrepreneurs, its press release said on Friday. Scheduled to be launched on Tuesday, the book is co-authored by Sreypeou Chaing, Junro Binang, Pheng Thea and David Haskel ...

No Chinese goods have been found to be exported from Cambodia to the US to avoid US-imposed tariffs on China, a Ministry of Commerce statement said on Sunday. US embassy spokesman Arend Zwartjes previously told The Post on Thursday that the US Department of Homeland ...

The European Court of Justice has yet to make a pronouncement regarding a lawsuit filed by the Cambodia Rice Federation in April against the European Union’s decision to impose tariffs on Cambodian Indica rice. The information was revealed during a CRF meeting Friday chaired by president ...

Health experts on Tuesday called on the government to save Cambodian lives by raising tobacco taxes and use the revenues to expand healthcare benefits for the general public.​ The call was made by the Southeast Asia Tobacco Control Alliance (SEATCA), World Health Organisation (WHO) and ...

Cambodia collected some $1.68 billion in revenue from customs and taxation during the first three months of this year, said Prime Minister Hun Sen. Speaking recently at the 18th Government-Private Sector Forum, he said revenue from the Kingdom’s customs fees accounted for about $668 million ...

Despite losing its duty-free export status in the EU, the Kingdom’s rice exports saw a six per cent increase in the first quarter of this year compared to the same period last year, according to figures released by the Secretariat of One Window Service for ...

The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1. The GDT instruction issued on Monday indicates that tax invoices are required to show ...